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Scott Lin to step down as Acer's vice president

TAIPEI, Taiwan -- Acer Group (宏碁股份) on Friday announced that Scott Lin (林顯郎), senior corporate vice president and president of Greater China regional operations will retire on April 30, 2014.

Acer yesterday said that to ensure a well-coordinated transition, the current executive vice president of Greater China regional operations, Y.H. Zhang (張永紅), will assume the role of president of Acer's China regional operations. Towny Huang, currently the special assistant of Acer's Transformation Committee, will be appointed president of Acer's Taiwan regional operations.

Lin joined Acer in 1983 and served as president of Greater China regional operations since October 2011. As a veteran of the IT industry, Lin shall lend his experience to Acer as a consultant for one year after he steps down, according to local media.

The announcement comes just one week after recently appointed CEO Jason Chen (陳俊聖) denied rumors of an imminent change in senior management, saying no executive changes are expected in the short term.

The Acer's board of directors meeting held yesterday also announced the company's 2013 financial results with consolidated revenues of NT$360.13 billion, down 16.2 percent year-on-year, with an operating loss of NT$11.41 billion, profits after tax of negative NT$20.52 billion and earnings per share (EPS) of negative NT$7.54.

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